Unlike support and resistance levels, trendlines are drawn at an angle. These widely used technical lines are, first and foremost, used to determine the trend. By drawing these lines one can establish whether a market is in the process of rallying north (an uptrend), dropping south (a downtrend) or in the phase of a consolidation. … Continue reading How to identify trendlines
Did you know that you do not have to be right each time you interact with the market? Heck, you don’t even need to be correct 50% of the time to bank a profit in this business! Once one has mastered a setup with an edge, trading should, to a point, be no more than … Continue reading Thinking in Probabilities
In the following article, our objective is simple: to try and shed some light on how one can trade supply and demand on a chart. For those who are new to this concept, you may want to consider checking out this article before continuing as it provides a solid foundation: How to Identify Supply and … Continue reading Supply and Demand Trading
If you’re in this business for a dose of excitement, we can say with a high probability that you will eventually lose your entire account! For traders just beginning their journey, they may find the above statement a little off-putting, or even confusing. Is trading not supposed to be one the most exciting activities in … Continue reading Why Trading Should Be Boring
What are CFDs? When thinking of investing or trading, purchasing straightforward equities likely comes to mind for most folks. For those looking to venture outside traditional investment paths, CFDs or ‘contracts for difference’, are a viable option, offering unparalleled opportunities in today’s global markets. Presented as leveraged products, CFDs quote via bid (a value traders … Continue reading What are CFDs?